AUDC vs SPY: Correlation
Measured on weekly returns over the past three years, AudioCodes Ltd. (AUDC) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUDC and SPY?
Across a 3-year window, the weekly returns of AUDC and SPY correlate at 0.39, moderate. The past 12 months show a weaker link (0.16) than the 3-year average (0.39). Stretching to 5 years gives 0.42, with an annualized covariance of 258.1 %².
Within AUDC's tracked universe of 12 assets, SPY comes in at #7 by 3-year correlation. Over the last 12 months SPY came out ahead by 6.7 percentage points (+13.9% against +20.6%). Note the risk asymmetry: AUDC runs 3.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AUDC vs SPY: side by side
| AUDC (AudioCodes Ltd.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +13.9% | +20.6% |
| 5-year return | -62.9% | +82.4% |
| Volatility (ann.) | 45.8% | 14.5% |
| Beta vs S&P 500 | 1.24 | 1.00 |
| Max drawdown (3Y) | -46.4% | -18.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 40.9 | – |
| Dividend yield | 3.98% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | AUDC | SPY |
|---|---|---|
| 2022 | -47.8% | -18.2% |
| 2023 | -30.7% | +26.2% |
| 2024 | -16.8% | +24.9% |
| 2025 | -7.1% | +17.7% |
| 2026 | +22.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUDC and SPY good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AUDC and SPY?
The AUDC/SPY correlation stands at 0.39 on a 3-year window (1 year: 0.16, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for AUDC?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: AUDC correlations · SPY correlations
